Iran plans to increase gas supply to Armenia fivefoldFebruary 8, 2016 - 11:07 AMT PanARMENIAN.Net - Growth of Iranian gas exports to Armenia depends on the construction of a new electricity transmission line between the two countries, the head of National Iranian Gas Exports Company said, according to Mehr news agency. Explaning the latest status of Iranian natural gas exports, Alireza Kameli said that an average of one million cubic meters of natural gas is annually exported to Armenia. The official said that gas export is carried out in exchange for purchase of electricity; on the basis of a joint agreement, there is a possibility to increase the amount of gas exports fivefold, he noted. He deemed the construction of necessary infrastructures as one of the important factors in increasing the exports volume. “Armenia has recently started to build a 400-kw transmission line,” Kameli reminded, stressing that the construction process is estimated to last two years. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Fly Arna license suspended, says Armenia official The license of the Armenian airline Fly Arna has been suspended for six months, an official says. President stresses Armenia’s clear position to achieve peace On the eve of the International Francophonie Day, the Armenian President met with French intellectuals. Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. Aliyev touts “good chances” for normalizing ties with Armenia Azerbaijani President Ilham Aliyev has declared that there are “good chances” for normalizing relations with Armenia. |